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the vice president, joe biden, spent a lot of time with house democrats today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic side. the question is can republicans provide enough on their side to get this deal done. the white house tonight is a bit hopeful. >> mason: major, is this an effort by vice president joe biden or is the president himself getting involved in making calls? >> the president is not making calls white house officials tell me-- for a practical reason. he doesn't have good relationship with house republicans and the white house decided it would do more harm than good. the vice president has an excellent relationship with the house democrats and the white house is basically letting house republicans work this out for themselves and they hope they will sometime later this evening. >> mason: we hope so, too, major garrett at the white house, thanks, major. the new year brought in new laws around the country. at midnight, maryland became the ninth state to allow marriage. in c
the vice president, joe biden, spent a lot of time with house democrats today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic side. the question is can republicans provide enough on their side to get this deal done. the white house tonight is a bit hopeful. >> mason: major, is this an effort by vice president joe biden or is the president himself getting involved in making calls? >> the president is not making...
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Dec 27, 2012
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he got on the debate stage with joe biden and i think biden definitely got the better of him. i think even republicans who maybe didn't see biden wiping the floor with him quite the way that i did, felt a little dispoupted. they have little respect for joe biden's intellect, they thought paul ryan would come in and wipe the floor with him. that definitely didn't happen. interestingly, paul ryan has been largely absent. i mean, really, almost completely absent and silent during the fiscal cliff negotiations. so what do you think we're going to see out of him in 2013? >> certainly he's not where he wanted to be, which is working out of the white house, but, you know, i think he has been -- you're right he hasn't been maybe very vocal in terms of making press statements but he's somebody speaker john boehner looked it, when you're in the capitol, he's in huddles with other lawmakers and they definitely still respect. the idea that his reputation and brand was hurt rubbinning as a e president, i think a lot of the blame at the end of the day will be put on mitt romney. if you talk
he got on the debate stage with joe biden and i think biden definitely got the better of him. i think even republicans who maybe didn't see biden wiping the floor with him quite the way that i did, felt a little dispoupted. they have little respect for joe biden's intellect, they thought paul ryan would come in and wipe the floor with him. that definitely didn't happen. interestingly, paul ryan has been largely absent. i mean, really, almost completely absent and silent during the fiscal cliff...
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and that is what vice president joe biden is trying to sell the liberals on right now. saying that this is not the threshold that he wanted. but it's something that least gives tax cuts to many americans were making much less than $250,000 per year. and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering all this for us on capitol hill. the fox business team is in place here on sixth avenue. two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we are going to
and that is what vice president joe biden is trying to sell the liberals on right now. saying that this is not the threshold that he wanted. but it's something that least gives tax cuts to many americans were making much less than $250,000 per year. and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering...
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Jan 1, 2013
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in attendance will be vice president joe biden. is it going to be difficult to sell your party on this deal? >> well, i think that we're going to come together in about an hour as a democratic caucus and hear the vice president out. there are a lot of good things in this bill that make sense and that i think it will ultimately earn the overwhelming majority of house democratic votes. we made sure that as we committed throughout this last campaign that we would not allow taxes to increase on 98% of americans that's in this deal. we made sure that we pushed off a really significant slashing of defense spending as well as domestic spending and we'll make sure going forward that whatever deal we do reach on those spending cuts is balanced when it comes to both revenue and spending cuts. and that's the overall -- overriding commitment here is we have a balanced plan in front of us and we'll need to -- any further deals made in the future continue to have a balanced plan. >> there are some in your party who don't like this plan. senator
in attendance will be vice president joe biden. is it going to be difficult to sell your party on this deal? >> well, i think that we're going to come together in about an hour as a democratic caucus and hear the vice president out. there are a lot of good things in this bill that make sense and that i think it will ultimately earn the overwhelming majority of house democratic votes. we made sure that as we committed throughout this last campaign that we would not allow taxes to increase...
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now, that's why they've brought in vice president biden, mitch mcconnell, the senate republican leader, to try to close this thing. and they may close a deal, but there's no guarantee that even any deal they come to an agreement with tonight will actually make it tomorrow. >> and chuck, this congress has, you were telling us, the lowest approval rating ever, the least productive. in terms of bills past. what happens when the next congress comes in later this week? >> reporter: well, the bad news is, if you view this as bad news, more of the same. because even if they get this temporary deal on taxes, temporarily buy down the automatic spending cuts, what they have set up is a series of mini fiscal cliffs, if you will, kate. so every three to six weeks, over the next six months, we could be going through nights like this where we're up against the clock and congress has to act and the president -- they have to figure out how to compromise or watch automatic headaches kick in. >> chuck todd is going -- it's going to be a long night. thanks for being with us on wall street today, this fin
now, that's why they've brought in vice president biden, mitch mcconnell, the senate republican leader, to try to close this thing. and they may close a deal, but there's no guarantee that even any deal they come to an agreement with tonight will actually make it tomorrow. >> and chuck, this congress has, you were telling us, the lowest approval rating ever, the least productive. in terms of bills past. what happens when the next congress comes in later this week? >> reporter: well,...
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Jan 1, 2013
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for biden is coming. so, we're following every minute. the light is still on in congress and we're still here at "special report." the panel is coming up. ♪ i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines yore taking. ll your doctoright away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of rare but serious side effects. ♪ is your cholesterol at goal? talk to youdoc
for biden is coming. so, we're following every minute. the light is still on in congress and we're still here at "special report." the panel is coming up. ♪ i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical...
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vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to pass it right away. >> all right, abc's tahman bradley reporting from washington. thanks. have a very happy new year. we know you're going to be today, tahman. >> same to you. >>> let's talk about hillary clinton's health crisis. it has the secretary of state in the hospit
vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and...
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in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would pass. the problem for him it would probably pass with mostly democrat vote, but i think it could get through the senate. that's the only scenario i see by which we avoid going over the cliff. >> wait a minute. >> at least temporarily. >> wait a minute, jared. john boehner said it's up to the president and harry reid so are both sides standing at the precipice waiting for each other to make the next move. >> not really. it really is all up to john boehner to decide whether he wants to bring this vote to the house floor. if he doesn't, i would put on either your cliff bungee cord or your cliff parachute and that's actually an
in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would...
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Dec 29, 2012
12/12
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president obama and vice president joe biden. they are getting a pay raise. you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes congressional members. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report." thank you for joining us. don't forget to tape the show. if you can't testify. have a great night moments ago, president obama saying he still has hope. >> i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such anagreement as we speak. >> and as we speak, rich edson is live in washington with the very latest. >> well, it's up to the senate. staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on t
president obama and vice president joe biden. they are getting a pay raise. you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes congressional members. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report."...
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Dec 31, 2012
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so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less. remember president obama wanted that threshold at 250,000. house speaker john boehner wanted it much higher at about a million dollars. this is somewhere in between. also, an extension of the unemployment insurance benefits. they're still hashing out some of the final details but it does appear as though the vice president was key in helping these negotiations to move forward. >> the negotiations go on there, kristen, we are watching the senate floor as they discuss the very details of that and debate it. keith, to you on this. political pointing out, bid
so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less....
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last word we got came from vice president joe biden. just minutes ago. here is the vice president. >> i feel very good about how is vote is going to go. having been in the senate, there are two things you shouldn't do. you shouldn't predict how the senate is going vote before they vote. you won't make a lot of money. two, you shouldn't predict how the house is going to vote. >> house will not vote on this fiscal cliff bill until tomorrow. we've heard from the house leadership that this bill will not be voted on there until voted n in the senate. not until house leadership has had time to review the bill. tax on high income earners, it will produce $620 billion in revenue. unemployment eninsurance, $30 billion from one year, not going to be paid for with other costs. there are no spending cuts in this bill that. is going to happen -- have to be taken up at a later date. so big question mark whether or not the house, republican led house is going to go for that. back to you. >> a vote at 3:00 or 4:00 in the morning >> correct. in the morning. >> yes. >> i'
last word we got came from vice president joe biden. just minutes ago. here is the vice president. >> i feel very good about how is vote is going to go. having been in the senate, there are two things you shouldn't do. you shouldn't predict how the senate is going vote before they vote. you won't make a lot of money. two, you shouldn't predict how the house is going to vote. >> house will not vote on this fiscal cliff bill until tomorrow. we've heard from the house leadership that...
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Dec 30, 2012
12/12
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never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> a dance partner. meanwhile democrats being led by senate majority leader harry reid who says he's cautiously optimistic about reaching a deal but warns there's not much more negotiating that can be done on his end. >> i don't have a counter offer to make. perhaps the day wears on, i will ble to. i will say that i think that the republican leader has shown good faith. it's just we're apart on pretty big issues. >> that was earlier. let's get the latest now because it's changing minute-by-minute.
never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the...
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biden has brokered 11th-hour deals with the republican leader in the past. mcconnell's appeal came just hours after the president appeared on "meet the press" and called out republican leaders by name. >> congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> nbc's capitol hill correspondent kelly o'donnell is live on capitol hill. kelly o., i'm looking at the clock, we are now 14 hours and 58 minutes from going over the fiscal cliff. let's outline -- >> reporter: but who's counting, right, chris? >> yeah, who's counting? let's go over for people, what remains unresolved? it seems like two weeks ago they were pretty well set on the basic parameters of this thing, so let's talk about what's left to deal on? >> reporter: well, there are some significant differences, but
biden has brokered 11th-hour deals with the republican leader in the past. mcconnell's appeal came just hours after the president appeared on "meet the press" and called out republican leaders by name. >> congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans...
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Dec 31, 2012
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reporter: grfrt -- frustrated with the impasse, republican mcconnell said he called vice president biden, urging him to get involved. >> i'm concerned about the lack urgency here. i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: after a roller coaster of a weekend, the bottom line is, there is still no deal. although the white house says the president remains modestly optimistic and harry reid said they would work through the night. but of course time is almost out. >> jon karl in washington, thank you. there is late word tonight secretary of state hillary clinton has been admitted to a new york hospital. doctors have found a blood clot she sustained after the fall. she's being watched closely for the next 48 hours before deciding to take action. >> the president meanwhile making headlines with tough talk about gun control in his second term in the wake of the shootings in newtown, connecticut. you'll remember the president tearing up as he addressed the nation on the day of the shooting. today the president recalled that day. >> this is some
reporter: grfrt -- frustrated with the impasse, republican mcconnell said he called vice president biden, urging him to get involved. >> i'm concerned about the lack urgency here. i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: after a roller coaster of a weekend, the bottom line is, there is still no deal. although the white house says the president remains modestly optimistic and harry reid said they would work through the night. but...
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we're expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don't love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a retiring senate republican says it's a compromise. it's probably a fair deal. it's not something any of us would say i love it, i don't love it. but i think it is a good job of negotiating where there are some wins and some laws. >> so bottom line, there is still work ahead here in the senate tonight. if it were to pass at some point later tonight, then the house would take it up tomorrow, trace. >> trace: mike, got to be a number of lawmakers fed up with the whole process. >> that's absolutely right. we heard a number of lawmakers saying it's december 31st, we could have worked this out long ago. here is one house democrats complain speaker, the american people are looking at congress with disda
we're expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don't love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a retiring senate republican says it's a compromise. it's probably a fair deal. it's not something any of us would say i love it, i...
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Dec 30, 2012
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for example, on the on the other side, ryan debate against biden, he dance today the questions and never once did he turn to the audience hearing shear more media bias. the audience would have loved it independents would have agree that the media are biased against republicans. >> jon: all those debates, did they illuminate the process the presidential campaign? >> i think they did. first of all they were catnip for reporters. there were thousands of reporters. it was amazing that anything else got covered. when you have that many debates. you got to see these candidates and it was wide range of candidates, really demonstrating a capability or lack of capability on complex issuess. the voters made up their minds. you saw one media promoted figure fall after they couldn't stand the scrutiny that came upon a front-runner. >> jon: obama campaign made clear attempts of trying to demonize mitt romney. they settled on him as eventual challenger. media, as well. there was a newsweek cover poking fun at mitt romney's mormonism for example. >> media is a target rich environment. they are trying d
for example, on the on the other side, ryan debate against biden, he dance today the questions and never once did he turn to the audience hearing shear more media bias. the audience would have loved it independents would have agree that the media are biased against republicans. >> jon: all those debates, did they illuminate the process the presidential campaign? >> i think they did. first of all they were catnip for reporters. there were thousands of reporters. it was amazing that...
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Dec 27, 2012
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>> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> reporter: as you mentioned, trace, the speaker's spokesman said afterward, reid should focus on legislating. he was scheduled for a news conference this afternoon, but that's been scrubbed. >> what about the republican side? any movement there? >> the breaking news of the moment is the house republican leadership is calling members back for sunday e
>> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership....
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Dec 27, 2012
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lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really changed in sentiment over the last week, mandy. last week everybody was talking about having this deal baked into the bryce price. now all of a sudden, as if some miracles happened, traders are actually talking about buying more puts and putting on more hedges. i can tell investors out there that it doesn't matter if december 31st we have a deal or if it goes a few weeks in january. all we need to know sunday night, monday morning is that they are working on a deal, and they are still at table. outside of that everything is just noise. >> jared, you know washington very, very well. we've been trying to read
lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really...
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at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >> house is the wild card in the whole thing. >> do you do anything to set yourself up for the other side? >> no. >> that's what people will be thinking as they watch this network. >> my strategy remains, stay with the quality companies. use the dips to buy them. don't try and hit bottoms but don't buy an expectation af nounsments. you know it is not a very, very broad agreement. i think the mark goes up. i don't think there is a big sell-off. but i think is rest. >> bk, are you looking at the same moving goal that i am? a move of a one and a third percent? and that's a spike. and i'm curious to know why this is happenin
at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >>...
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Dec 28, 2012
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i should also mention that joe biden, the vice president, will be in there. of course, he led some of the early talks and they were all about trying to avoid this problem a year or more ago. those got nowhere. the talks over the summer got nowhere and so far the talks that are going on now have gotten nowhere as well, michelle. >> eamon, the last two things that you talked about, the doc fix for medicare, you don't cut what you pay doctors for medicare. >> that's right. >> turning off the sequester, they're talking about spending more money. no talk anywhere in his plan about any kind of spending cuts. >> yeah. remember, i'm laying out sort of a potential plan that the president could offer. you're right about those two items. also take a look at what's not on there. what the president didn't mention on friday of last week is the debt ceiling. now we have treasury secretary tim geithner reminding the country and the world that the united states is going to start to run up against the debt ceiling now on monday so that might have to be part of this ultimate de
i should also mention that joe biden, the vice president, will be in there. of course, he led some of the early talks and they were all about trying to avoid this problem a year or more ago. those got nowhere. the talks over the summer got nowhere and so far the talks that are going on now have gotten nowhere as well, michelle. >> eamon, the last two things that you talked about, the doc fix for medicare, you don't cut what you pay doctors for medicare. >> that's right. >>...
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late last night, vice president biden went to capitol hill to convince senate democrats to pass it. >> i think we'll get a very good vote tonight, but happy new year. >> reporter: after a quick debate, the senate even passed it. >> the bill as amended is passed. >> reporter: now the big question, can it pass in the house? technically everybody's taxes have already gone up. the tax cuts have expired. but if the bill can pass in the house in the next day or two, the tax cuts can be made retroactive. the bill, if it passes, would extend tax cuts for all workers earning under $400,000. it would prevent a big tax hike estates values at less than $5 million and it would extend unemployment benefits set to expire today for some 2 million people. even as they closed in on that deal yesterday, congressional republicans were not happy with what they heard from president obama who held a campaign-style event at the white house. >> i'm going to be president for the next four years, i think. >> reporter: effectively continuing the partisans' bickering we've long seen. >> time to stop the cheerlead
late last night, vice president biden went to capitol hill to convince senate democrats to pass it. >> i think we'll get a very good vote tonight, but happy new year. >> reporter: after a quick debate, the senate even passed it. >> the bill as amended is passed. >> reporter: now the big question, can it pass in the house? technically everybody's taxes have already gone up. the tax cuts have expired. but if the bill can pass in the house in the next day or two, the tax...
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Dec 29, 2012
12/12
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struggling and suffering and generational theft is going on what did we see obama is ordering pay raises for biden and members of congress and federal workers and nobody is talking about our healthcare taxes going up, billy cunningham. how in good conscience do they do this at this time? >> sean hannity, the people are taking this in the shorts now are going to be the butchers, the bakers, the candlestickmakers and carpenters and elec electricia. we haven't talked about the huge tax increases on average americans. take billions and ship it off to a black hole in washington and call it a victory. boehner will be elected speaker. the republicans won't be primary #-d. the media will declare obama the winner and the only person getting hurt is the middle class that allegedly obama supports which is a bunch of baloney. that s go is going to happen. >> i will throw this to joe trippi. the people that will really be hurt are the children and grand children that we are stealing from. we are robbing these kids blind. we are taking their inheritance away. and i have a question for you, for joe trippi. why i
struggling and suffering and generational theft is going on what did we see obama is ordering pay raises for biden and members of congress and federal workers and nobody is talking about our healthcare taxes going up, billy cunningham. how in good conscience do they do this at this time? >> sean hannity, the people are taking this in the shorts now are going to be the butchers, the bakers, the candlestickmakers and carpenters and elec electricia. we haven't talked about the huge tax...
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Dec 31, 2012
12/12
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vice president joe biden is now directly involved in the 11th-hour negotiations. but, there's no deal if sight. and that means taxes could go up for just about everyone american as soon as tomorrow. >>> a tense takeoff for passengers aboard a flight from kansas city to denver. a piece of an engine covering fell off. a passenger snapped this photo. the united flight circled the airport there in kansas city for 20 minutes before making an emergency landing. >>> and indianapolis colts head coach chuck pagano is back. in the saddle. enjoying a triumphant return. pagano was on the sidelines on sunday for the first time since fighting his leukemia. it went into complete remission. the 52-year-old returned after a three-month absence to tears and cheers of joy, and a win for his comeback colts who are now in the playoffs. >>> and, finally, a good holiday weekend for hollywood. "the hobbit" was once again the number one draw at the box office. as it has been for all three weeks since it was released. and that james bond film, "skyfall," passed the $1 billion mark globally
vice president joe biden is now directly involved in the 11th-hour negotiations. but, there's no deal if sight. and that means taxes could go up for just about everyone american as soon as tomorrow. >>> a tense takeoff for passengers aboard a flight from kansas city to denver. a piece of an engine covering fell off. a passenger snapped this photo. the united flight circled the airport there in kansas city for 20 minutes before making an emergency landing. >>> and indianapolis...
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Dec 31, 2012
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vice president joe biden will see his pay jump from $225,000 to nearly $232,000 a year. house speaker john boehner will see his salary increase to more than $224,000. and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care.
vice president joe biden will see his pay jump from $225,000 to nearly $232,000 a year. house speaker john boehner will see his salary increase to more than $224,000. and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14...
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Jan 1, 2013
01/13
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vice president biden was extremely helpful. if they had done plan b, the chain cpi, if the republicans supported their speaker the gop would be in a better position and have something on the spending side, they didn't. hopefully some lessons have been learned and we have the beginnings of a governing cowigs we so desperately need. >> we'll see that play out today, john boehner's leadership will be in tight focus. >> it will be. >> thank you for being here. >> thanks for having me. >> sheila brought up a name we haven't talked about, vice president joe biden instrumental and the smile on his face as he was walking around capitol hill, he's like i am in the middle of this, i'm in both feet, happy man. >> because last week the sniping between harry reid and mitch mcconnell was pretty dramatic and many points downright unhelpful, and to somehow see joe biden go in there and i don't know what he did. look at that smile. i don't want fairy dust he's sprinkled all over the place but it helped. >> every minute he's spent in the senate
vice president biden was extremely helpful. if they had done plan b, the chain cpi, if the republicans supported their speaker the gop would be in a better position and have something on the spending side, they didn't. hopefully some lessons have been learned and we have the beginnings of a governing cowigs we so desperately need. >> we'll see that play out today, john boehner's leadership will be in tight focus. >> it will be. >> thank you for being here. >> thanks for...
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Dec 28, 2012
12/12
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i'm being told right now that secretary tim geithner has also joined the meeting and vice president biden is also there as well. we have a whole committee gathering at the white house. >> heavyweights. >> these are the most actively traded stocks at the new york stock exchange right now. stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much
i'm being told right now that secretary tim geithner has also joined the meeting and vice president biden is also there as well. we have a whole committee gathering at the white house. >> heavyweights. >> these are the most actively traded stocks at the new york stock exchange right now. stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when...
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Dec 31, 2012
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it's also a signal to their fellow democrat in the white house, namely vice president joe biden. that's just an example of how intricate, delicate and strange these negotiations are right now as we just get down to the wire. >> yeah. they are rather strange. do we think there's any movement on the president's part? you've been reporting the fact you've got the -- the number was originally 250,000, anybody making more than that would get a tax hike. now that's at potentially $450,000. there's some movement on the white house's part as well? >> reporter: it seems to be. as you said, we reported earlier today that democrats had put on the table, i believe, as early as saturday night the idea of moving that income threshold up to $450,000 a year. that is, we understand, still on the table. that's for households. jessica yellen at the white house is reporting that the number for individuals right now is $400,000, meaning tax cuts for everybody up to those levels, $400,000 for an individual, $450,000 for a household would stay in place. for everybody else, the tax rates would expire. t
it's also a signal to their fellow democrat in the white house, namely vice president joe biden. that's just an example of how intricate, delicate and strange these negotiations are right now as we just get down to the wire. >> yeah. they are rather strange. do we think there's any movement on the president's part? you've been reporting the fact you've got the -- the number was originally 250,000, anybody making more than that would get a tax hike. now that's at potentially $450,000....
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Jan 1, 2013
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. >> that came hours after president joe biden and senator republican leader of kentucky sealed the deal. it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle no one agrees with 100% of. >> what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. time is running out to change the direction because that trillion dollars isn't just a problem for the next generation, it's a problem for corporate america, it's a problem for every american. >> the deal approved by the senate continues tax breaks for those earning less than $400,000 and for couples earning less for 450,000. it raises taxes on wealthi
. >> that came hours after president joe biden and senator republican leader of kentucky sealed the deal. it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us...
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Dec 29, 2012
12/12
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be a novelist for a second and tell us what happened on friday when president obama, vice president biden, senators reid and mcconnell and representatives boehner and pelosi were in the white house. clearly we all know what's going on. what happened? how did that play out? how did that discussion go? did president obama say either you come up with a deal or put my deal to a vote? because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic about that. the president lays out what he thinks he can get done, which is this 250 and, you know, whether there's wiggle room up to 400 and now that might not even happen, maybe, is what kevin is saying. and then unemployment benefits, an extension of that, and, you know, patch the amt. these are things he wants. and, you know, senator mcconnell, what can you do is, you know, the understanding of how this plays out. and senator mcconnell -- you know, they say, listen, we're going to take it up between us. let senators reid and mcconnell really resolve this together. and those are, as i said, two men who kn
be a novelist for a second and tell us what happened on friday when president obama, vice president biden, senators reid and mcconnell and representatives boehner and pelosi were in the white house. clearly we all know what's going on. what happened? how did that play out? how did that discussion go? did president obama say either you come up with a deal or put my deal to a vote? because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic...
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Dec 31, 2012
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and joe biden as noted in the introduction, has been in the senate for three decades. he has a unique ability to work with mitch mcconnell, his longtime colleague to try to close this deal. that doesn't mean they can do it, but it's a sign that things are getting close to the end zone if those two were talking all night. the report i got early this morning at 6:00 a.m. is that their talks had been good, constructive and continued very late into the night. >> thank you, john, for that. john harwood in washington. lawmakers, as john say, continue talks this morning as we inch closer to the cliff itself. what role is the no-tax pledge playing in the negotiations. founder of americans for tax reform joins us this morning not too far from where john is sitting. grover, good morning. >> good morning. good to be with you. >> you've been quoted as saying that rates will not increase. that kind of flies in the face with what john just told us. what's true? >> well, two things. earlier, my point was that as long as these negotiations were conducted with c-span cameras there, and
and joe biden as noted in the introduction, has been in the senate for three decades. he has a unique ability to work with mitch mcconnell, his longtime colleague to try to close this deal. that doesn't mean they can do it, but it's a sign that things are getting close to the end zone if those two were talking all night. the report i got early this morning at 6:00 a.m. is that their talks had been good, constructive and continued very late into the night. >> thank you, john, for that....
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Jan 1, 2013
01/13
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joe biden is at the capitol to brief democrats and there's a possibility the senate could vote tonight. the major remaining issue is how to make budget cuts. >> taxes will go up and the united states will ring in the new year by going over the fiscal cliff. it would increase the state tax, bring back higher tax rates on owners. >> our most immediate priority is to stop taxes going u pstarting tomorrow. i think that is a modest goal we can accomplish. >> reporter: they wanted taxes to go up on couples making $250,000. this deal is a concession as it increases on households. >> it has been clearly a g ood- faith negotiation. we all want to protect taxpayers and we can get it done now. >> reporter: a sticking point is a sequester. more than a trillion dollars in social programs, they say that the market needs structure and certainty, not haggling. it could take a hit if the deal falls a part. with higher taxes, california would spend less and tax r eceipts would drop. the loss of $11 billion in revenues in two years. the automatic spending cuts could affect thousands of jobs here in calif
joe biden is at the capitol to brief democrats and there's a possibility the senate could vote tonight. the major remaining issue is how to make budget cuts. >> taxes will go up and the united states will ring in the new year by going over the fiscal cliff. it would increase the state tax, bring back higher tax rates on owners. >> our most immediate priority is to stop taxes going u pstarting tomorrow. i think that is a modest goal we can accomplish. >> reporter: they wanted...
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Dec 31, 2012
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the biden offer has this in it
the biden offer has this in it
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Jan 1, 2013
01/13
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WUSA
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this was a deal that was worked out by vice president biden and senate leaders. the house speaker hasn't said that the house will definitely vote in favor of it today, but democrats at least are saying they expect almost all of their members to vote yes. terrell? >> nancy cordes on capitol hill, nancy, thank you so much. >>> secretary of state hillary clinton spent new year's eve in the hospital being treated for a blood clot in her skull. margaret brennan is outside new york-presbyterian hospital. good morning to you. >> reporter: good morning, terrell. secretary clinton is still being treated for that blood clot that formed in her head after a concussion. doctors discovered it during an mri on sunday. according to a statement released by the state department, there is a clot in the vein that is situated in the space between the brain and the skull behind the right ear. it did not result in a stroke or neurological damage. clinton's doctors say they need to see how she responds to medication including blood thinners before they release her, but they do expect a
this was a deal that was worked out by vice president biden and senate leaders. the house speaker hasn't said that the house will definitely vote in favor of it today, but democrats at least are saying they expect almost all of their members to vote yes. terrell? >> nancy cordes on capitol hill, nancy, thank you so much. >>> secretary of state hillary clinton spent new year's eve in the hospital being treated for a blood clot in her skull. margaret brennan is outside new...
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vice president biden just said that yesterday. but i want to get your feel for what you think is going to happen. we had a pretty significant 89-8 vote in the senate. dana bash who knows a lot about what's going on in the hallways said she has no idea how this vote could shake down. do you have a sense of how many of your members may vote to support a deal or how many friends may vote to support a deal? >> i don't know. my guess is there will be strong support in the democratic caucus. i don't know what the conference will do. i think essentially the speaker said let the senate do it. now it's back. so i don't really know. but i do think the bill will come up today. the notion there will be amendment, i just don't think that's feasible. i think everybody should plan that after due deliberation the republicans that we're likely to have a vote today. the markets aren't open today. they will be tomorrow. i don't think we should go over the cliff for 24 hours. >> dangling is no fun. thank you for being with us. i sure hope you're hard
vice president biden just said that yesterday. but i want to get your feel for what you think is going to happen. we had a pretty significant 89-8 vote in the senate. dana bash who knows a lot about what's going on in the hallways said she has no idea how this vote could shake down. do you have a sense of how many of your members may vote to support a deal or how many friends may vote to support a deal? >> i don't know. my guess is there will be strong support in the democratic caucus. i...
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senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still time left to reach an agreement. >> meanwhile west virginia democrat joe mansion introduced the calm act trying to soften the blow as the country goes off the fiscal cliff. it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits smaller checks. does it soun
senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still...
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Jan 1, 2013
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vice-president joseph biden went to capitol hill after senate leaders struck a deal with the white house. the senate went back into session and around 2:00 a.m. they had a bill. >> as amended, it was passed. >> reporter: they put off spending cuts for two months and keeps off bush tax cuts for people earning less than $450,000. senator harry reid said their goal was to protect america's middle-class. >> middle-class families will wake up today to the assurance their taxes will not go up 2,200 dollars each. they will have the certainty of how they will pay for groceries and car payments all during next year. >> mitch mcconnel agreed to the measure rather than let the middle-class suffer. >> we don't think they should be going up on everyone but we all knew if we didn't come to an agreement it would go up on everyone and we were not going to let that happen. >> the bill will also extend joplin less benefits and everything matters with the house of representatives when it reconvene this morning. >>> the president said while neither democrats nor republicans got everything they wanted, this
vice-president joseph biden went to capitol hill after senate leaders struck a deal with the white house. the senate went back into session and around 2:00 a.m. they had a bill. >> as amended, it was passed. >> reporter: they put off spending cuts for two months and keeps off bush tax cuts for people earning less than $450,000. senator harry reid said their goal was to protect america's middle-class. >> middle-class families will wake up today to the assurance their taxes will...
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Dec 31, 2012
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biden is important. if there's anybody with a personal relationship in the white house -- if you can fault the white house for one big thing, it's the lack of developing a personal relationship with mitch mcconnell, between the president and him. there is one between joe biden and him. >> chuck todd, thanks. >> you got it. >>> let's get to the morning's other top stories. andrea canning is in for natalie at the news desk. good morning. >> good morning. and happy almost new year's to you. and happy new year's to you at home. authorities are hoping to speak with a seriously injured bus driver. at least nine people were killed and 26 injured. the bus was returning to canada after a trip to las vegas. >>> the woman charged with pushing a stranger to his death in front of a new york city subway train thursday reportedly has an issue of mental health issues and three previous arrest s. erica men endez targeted a 36-year-old native of india because she blamed, quote, muslims, egyptians and hichlt n duchlt s for
biden is important. if there's anybody with a personal relationship in the white house -- if you can fault the white house for one big thing, it's the lack of developing a personal relationship with mitch mcconnell, between the president and him. there is one between joe biden and him. >> chuck todd, thanks. >> you got it. >>> let's get to the morning's other top stories. andrea canning is in for natalie at the news desk. good morning. >> good morning. and happy...
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Jan 1, 2013
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vice-president joseph biden and senate republican leader mitch mcconnel called it a closer's deal and the two men were central to working this out. when vice-president joseph biden was there, he briefed fellow democrats and legs laying was drafted and individuals making more than deck -- legislation was drafted and families making more than $450,000 a year will see their taxes go up and while those automatic spending cuts are deferred until the beginning of march, it will provide savings. half will come from spending cuts and if you look at this full bill, it is bipartisan. final senate vote, 89-88, back to you. >>> and doctors say they expect secretary of state hillary rodham clinton to make a full recover after suffering a blood cloth. between the skull and behind her right ear, clinton is making excellent progress and is in good spirit. >>> a senate report found that the white house did not make major changes in the talking points in the administrations used but some are questioning whether they rewrote the statements for political reasons. >>> well, tonight vigils will be held in
vice-president joseph biden and senate republican leader mitch mcconnel called it a closer's deal and the two men were central to working this out. when vice-president joseph biden was there, he briefed fellow democrats and legs laying was drafted and individuals making more than deck -- legislation was drafted and families making more than $450,000 a year will see their taxes go up and while those automatic spending cuts are deferred until the beginning of march, it will provide savings. half...
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. >> reporter: with that, vice president biden is now impemers as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher information threshold. they want to keep the estate tax from going up. there's no agreement on what to do about the automatic spending cuts set to go into effect on january 2nd. both sides have said the cost of failure is extremely high. >> if we're not able to reach an agreement, it will be dire. probably at least another million jobs lost, an unemployment rate over 9% and putting us back into recession. >> reporter: vice president biden and republican leader mcconnell had several conversations deep into the night. the conversations were good, said a spokes person for mcconnell. time is almost out. >> the cutoff is tomorrow. we hear in your piece about the dire consequences. most americans might not feel the effects immediately, right? >> reporter: not right away, but was thing will be felt in their v
. >> reporter: with that, vice president biden is now impemers as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher information threshold. they want to keep the estate tax from going up. there's no agreement on what to do about the automatic spending cuts set to go into effect on january 2nd. both sides have said the...
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maybe 7:30 where vice president biden will update the caucus on the state of the deal. senate democrats we're told have not signed off on the deal. after the caucus there is an expectation of votes around possibly 10:00 p.m. maybe later. as we get word about the senate action. and knowing about it. but it will be a while. 10:00 p.m. we're going to be back here at 8:00 p.m. you were saying about this deal, we rudely cut you off before. that the entitlement reform is not specific on the republican side. democratic side, frankly there is no spending cuts in this deal. no additional spending cuts. >> there this is the other part of this. obama doesn't -- obama believes in stimulating the economy through spending. he doesn't believe in making all the cuts. so again, like you are asking him to adopt a world view he doesn't have. >> bret: even though he talked about it many times. >> he does talk about it. >> expounding upon it. fixing social security and medicare. >> anybody who reads paul krugman, grand pubah of economics on the left his worry that the deficit will be reduce
maybe 7:30 where vice president biden will update the caucus on the state of the deal. senate democrats we're told have not signed off on the deal. after the caucus there is an expectation of votes around possibly 10:00 p.m. maybe later. as we get word about the senate action. and knowing about it. but it will be a while. 10:00 p.m. we're going to be back here at 8:00 p.m. you were saying about this deal, we rudely cut you off before. that the entitlement reform is not specific on the...
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. >> one story is that much mcconnell had gone to speak with vice president biden. what can you tell us? guest: the republican leader calls joe biden off the bench. it is what we had been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw that in the debt ceiling debate. they swooped in at the and down the made the deal happen. -- at the end and made it happen. it was an interesting move by mitch mcconnell to call joe biden today and try to jump- start these negotiations when they locked up with the majority leader on the democratic side. i think that will be something to watch here in the coming hours. how will it play? there are many concern that maybe you will cut a bad deal. will joe biden come in to embolden the republicans or will the democrats altogether across pennsylvania avenue? a big story line we are all watching now very closely. >> we hear senator reed wants to bring them back at 11. is it likely they will have some kind of deal or counteroffer in hand when the gavel back in? guest: i wish i could
. >> one story is that much mcconnell had gone to speak with vice president biden. what can you tell us? guest: the republican leader calls joe biden off the bench. it is what we had been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw that in the debt ceiling debate. they swooped in at the and down the made the deal happen. -- at the end and made it happen. it was an interesting move by mitch mcconnell to call joe biden today and...
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Jan 1, 2013
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. >> three hours before the midnight dead line senate minority leader mitch mcconnel and joe biden emerge with taxing and spending. >> this is a mini cliff, big cliff still lies in front of us. big cliff. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush era tax cuts remain in place for individuals earning as much as $400,000 a year and families $450,000 a year. far above the $250,000 on which president obama campaigned. those making more will see higher income taxes, capital gains and dividends rates. san francisco tax attorney rob wood says you will notice on the paycheck one popular tax cut will be history. >> say the average person earning $1,500 a year will earn $20 more in tax increases. >> reporter: it extends unemployment benefits for one year and keep the child tax credit for workers who don't earn enough to pay income taxes. and the alternative minimum tax go
. >> three hours before the midnight dead line senate minority leader mitch mcconnel and joe biden emerge with taxing and spending. >> this is a mini cliff, big cliff still lies in front of us. big cliff. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter:...
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just over two hours and once the house passes it, if they do pass it, we saw vice-president joseph biden on capitol hill and that was the key signal that negotiators had struck a deal. senate leader and mission mcconnel -- mitch mcconnel was working out the compromise when vice-president joseph biden was on the hill he talked with fellow democrats and briefed them and legs laying was drafted. we now know -- legislation was drafted. we now know families making more than 450,000 dollars a year will see their taxes go up and while those automatic spending cuts are deferred until the beginning of march, the bill does provide for $24 billion in savings over the next 2 months. half will come from revenue and a half comes from the house and 89 voted for and 88 voted against it. >>> vigils will be held in two east bay communities for a young woman in india who died after being gang raped. it sparked outrage calling for more protection for women. and starting at the hundred due temple and in oakland people will gather in recognition of all victims of rape. >>> doctors say they expect secretary of
just over two hours and once the house passes it, if they do pass it, we saw vice-president joseph biden on capitol hill and that was the key signal that negotiators had struck a deal. senate leader and mission mcconnel -- mitch mcconnel was working out the compromise when vice-president joseph biden was on the hill he talked with fellow democrats and briefed them and legs laying was drafted. we now know -- legislation was drafted. we now know families making more than 450,000 dollars a year...